Probable Market TODAY (27 Jan)

27-01-2009
GOOD MORNING

AT the point Market looks volalitile for expiery amid under short cover rally for two days.

Nifty
Prv Close 2678.55
Pivot Point 2701.92
Supports 2638>2598>2534
Resistance 2742>2806>2846

Nifty may try to open Flat to 1% green.
Volatility Index (VIX) on last closing day = 34.01 (-25.33%)

TRADERS AND INTRADAY - start with depression of 10 mins, market will try to make peak in next hour, then would try to maintain it throughout the day under expiery volality. last half an hour maintain caution.
INVESTOR COMMUNITY - Two days short cover rally on cards, Book some profit in this upswing- dont take any fresh position.

Quote: The ultimate risk is not taking a risk. - James Goldsmith